The Account Titles to Be Responded to Are Provided in No

question 48

Short Answer

The account titles to be responded to are provided in no particular order. Assume that all accounts have normal balances according to whether the account is increased by a debit or increased by a credit.

Required:

In column A, indicate whether a debit will:

1. Increase the account balance, or
2. Decrease the account balance.

In column B, classify each account according to the following scheme. For contra accounts, indicate the classification of the account to which it relates.

1. A current asset in the balance sheet.
2. A noncurrent asset in the balance sheet.
3. A current liability in the balance sheet.
4. A long-term liability in the balance sheet.
5. A permanent equity account in the balance sheet.
6. A revenue account in the income statement.
7. An expense account shown in the income statement.
8. Account does not appear in either the balance sheet or the income statement.


-Supplies expense

---

Definitions:

Training Delivery Problems

Challenges or obstacles that impede the effective conveyance of training content.

Potential Solution

A possible way to address a problem or challenge, often explored in the context of business strategy or organizational improvement.

Swanson And Falkman

Likely refers to a theoretical model or study in a specific academic field, though it's not widely recognized without additional context.

Climate Of Learning

The overall environment and culture that either enhances or hinders the learning process within an organization.